مسار تنفذ اتفاقيات بيع 3 أراضٍ بقيمة 441.1 مليون ريال

Logo of Umm Al Qura for Development and Construction Co. (Masar)

Umm Al Qura for Development and Construction Co. (Masar) announced the signing of sales agreements for three land plots in Zone 2 of Masar Destination in Makkah with Watheeq Real Estate Opportunities Second Fund Co.

 

Watheeq Real Estate Opportunities is a special-purpose vehicle of Watheeq Ajdan Real Estate Fund, managed by Watheeq Capital.

 

The plots will be developed into three residential towers, with a total sale value of SAR 441.1 million, Masar said in a statement to Tadawul.

 

The three plots have a combined book value of SAR 214.31 million and a total area of 7,387 square meters (sqm).

 

Value and area of three land plots

Plot

Sale value (SAR mln)

Book value (SAR mln)

Area (sqm)

First plot

145.00

71.15

2,391

Second plot

143.73

68.86

2,480

Third plot

152.37

74.30

2,517

Total

441.10

214.31

7,387

 

According to Argaam data, Masar announced in July 2026 that it had signed three reservation agreements to sell the plots, which have a combined area of 7,387 sqm and are located in Zone 2 of Masar Destination in Makkah. The agreed total sale value was SAR 441.1 million.

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